Removal of Excess Loans. (a) On each Distribution Date during the Revolving Period, if after making the transfers and distributions required by Section 5.08, (i) the Collateral Amount exceeds the Required Collateral Amount and (ii) the Forecasted Collections exceeds the Required Forecasted Collections Amount, the Trust may, subject to the satisfaction of the Removal Conditions, agree to transfer all or a portion of the excess Dealer Loans, Purchased Loans and Contracts (and Related Security) to the Seller for further transfer by the Seller to Credit Acceptance (any Dealer Loans, Purchased Loans or Contracts so transferred, the “Removed Loans”). Upon the satisfaction of the Removal Conditions in connection with a Removal, the related Removed Loans and Related Security shall be deemed to have been released from the lien created pursuant to the Indenture and shall no longer constitute Trust Property.
